Safi Energy Company (Safiec) is ready to build a 1.39GW coal-fired power plant in southwest Morocco, following the signing of project finance agreements with state utility ONEE. The project will cost $2.6bn, with start-up scheduled for 2018.

Safiec, led by France’s GDF Suez, will sell electricity to ONEE under a 30-year power purchase agreement. Coal for the plant will be delivered to a terminal at a new port which is under construction at Safi. The plant will comprise two 693MW units. (CONTINUED - 289 WORDS)